We hear a lot of about the impending economic recession, but that does not imply an ad recession. In the last 20 economic downturns, only in one year has there been a decline, and that was 1.3 percent. So the doomsayers might be wrong again if we do have a downturn.
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This transaction allows Clear Channel, through SFX, to gain immediate leadership in the highly attractive live entertainment segment, while taking advantage of the natural relationship between radio and live music events.Lowry Mays
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